Tuesday’s Highlighted Options Volume: CIEN, LULU, AMGN

Avatar photo

Ciena Corp (Symbol: CIEN) reported significant options trading on October 18, 2023, with a total of 9,610 contracts exchanged, equating to approximately 961,000 shares. This volume represents 48.1% of CIEN’s average daily trading volume of 2.0 million shares over the past month. Notably, the $700 strike call option expiring on May 29, 2026, accounted for 1,952 contracts, or about 195,200 shares.

Lululemon Athletica Inc (Symbol: LULU) also saw robust options activity, with 14,930 contracts traded, representing roughly 1.5 million shares and 47% of its average daily volume of 3.2 million shares. The $150 strike call option expiring on June 18, 2026, had a notable volume of 2,116 contracts, equating to approximately 211,600 shares.

Amgen Inc (Symbol: AMGN) recorded a trading volume of 12,758 contracts, or around 1.3 million shares, reflecting 45.7% of its average daily volume of 2.8 million shares. A high volume of 8,267 contracts was noted for the $440 strike call option expiring on September 18, 2026, representing about 826,700 shares.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now